Examples of Compensation Fund in a sentence
A Protection and Compensation Fund is established in Malta and may be available, if applicable, to pay for claims against an insurer, which remain unpaid because the insurer becomes insolvent.
For Workers’ Compensation Insurance, insurance issued by the State Compensation Fund is also acceptable.
In addition, members of Xxxxx’x contribute to the Protection and Compensation Fund established in terms of Maltese Law in respect of insurance business written in Malta through Maltese coverholders approved by Xxxxx’x.
This Plan of Allocation operates solely to define and prescribe the process by which the Patient Compensation Fund, defined by Paragraph 23.a of the Settlement Agreement, shall be allocated among the class representatives and class members of the Patient Plaintiff Class.
Payments under the Investor Compensation Fund are subject to a maximum payment to any covered client of EUR 20 000.